This counter worth to keep for long term gain and paid dividend quarterly and I still keep since I bought three years ago which is less than Rm1.00.I recommend those investors who like to invest and keep for long term investment this counter is a must
share to keep and it would disappoint you.Follow and track this share regularly to update yourselves. Value & growth stock will be an asset to hold.

Fully agree with you, unfortunately only started buying at current levels. Next 1 to 2 years should be even more exciting, with another new US F&B MNC client just started commercial production in Q3. This new MNC as big or even bigger than Nestle, which is also their existing client. So if you can't afford Nestle, this is the company to hold for long term growth. Just refer to their quarterly annoucement & corporate presentations for more info.

This counter worth to keep for long term gain and paid dividend quarterly and I still keep since I b...ongsoonguan @ 09 Oct 2013, 09:16 PM Hi soon guan, u know any other counters with similar or better potential ?

KUALA LUMPUR: CIMB Equities Research has raised the target price for Daibochi Plastic & Packaging from RM3.68 to RM4.19.

It said on Thursday it maintained its FY14-16 EPS forecasts but raised its target price as it rolled forward to end-2015, applying 13 times CY15 P/E, which is its sector P/E target.

“We upgrade Daibochi from a Neutral to Outperform in view of likely lower raw material price risks after the recent sharp fall in crude oil prices. Securing major export orders and further declines in oil prices could catalyse the stock. Daibochi is our top pick in the packaging sector,” said the research house.

CIMB Research said at an annualised 98% of its FY13 forecast, Daibochi’s 9MFY13 EPS was in line with market and its expectations as it expects a stronger 4Q.

The strong export demand and lower crude oil prices in the past one to two months are positive factors for the company.

The research house said Daibochi’s 3Q13 revenue was up a strong 32.9% on-year due to strong packaging sales and a RM6.2mil land sale. The packaging revenue at RM80.5mil was a new record for the company.

“We see two reasons for this: 1) pent-up demand since July following 2Q13’s relatively weak revenue (RM69.5mil) on political concerns (Malaysia’s general election was in May), and 2) the maiden contribution from a new major MNC customer,” it said.

CIMB Research said Daibochi’s 4.0 sen interim DPS was as expected. Year-to-date, the company has declared DPS of 11sen.

Daibochi’s packaging business demand has recovered strongly since July, and it has been very busy meeting orders in the past few months. In 3Q13, the company started its commercial production orders for a major F&B player in the region; the full impact should be seen from 4Q13 onwards.

Construction of its new factory is already completed and installation of machinery should be done by end- 4Q13. Commercial production should start from February 2014 onwards.

“We estimate production capacity rising 20%-30% as a result,” it said.